With more than half the JSE’s top 40 stocks now also featuring on A2X, the secondary listing platform may soon go head-to-head with its venerable forebear.
A2X CEO Kevin Brady says the low fee structure, narrower spreads and increased liquidity offer savings for shareholderswho says the low fee structure, narrower spreads and increased liquidity offer savings for shareholders. “It doesn’t materially change the lives of most of the parties, other than guys being able to trade at a lower cost.” In light of this, he is surprised that companies were slow to sign up to
stand the ease of a secondary listing and are resistant to change. “These companies would therefore shy away if there’s more work for them or believe it may lead to more regulatory risk that could have financial implications. Some may think it could fragment their already dwindling liquidity, without understanding all the benefits.”
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